9th Circuit Panel Affirms Properties Not Subject To Withdrawal Liability

(January 6, 2017, 3:23 PM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Dec. 23 affirmed a California federal judge’s ruling that a husband and wife’s rental properties were not subject to withdrawal liability under the Employee Retirement Income Security Act because they do not constitute a “trade or business” (Automotive Industries Pension Trust Fund, et al. v. Tractor Equipment Sales Inc., et al., No. 14-17371, 9th Cir.; 2016 U.S. App. LEXIS 23204)....